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Bakkt’s Bitcoin delivery in 2020 reaches ATH in USD terms


Bakkt’s Bitcoin delivery in 2020 reaches ATH in USD terms

It has been a long road for Bakkt since its initial launch on 23 September 2019. After initially being at the receiving end of an underwhelming reception from the market, the ICE-backed exchange soon started to pick up pace in 2020. In fact, despite periods of instability in the Bitcoin market, the popular exchange has done well for itself, especially since it continues to remain the only entity to execute physically-delivered Bitcoin contracts. Now, according to Arcane Research, Bitcoin Futures on Bakkt for the month of June expired over the last week, expiries that resulted in the exchange noting a new all-time high in terms of USD capital inflows. The chart attached herein indicates that contract expiry rates improved from 117 in April 2020 to 221 in June 2020. Read More...



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